What was the share premium account for Petro Stopping Center at December 31, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| _ | (13) | (6) |
| Cash flow hedges | 25 | (531) | 637 | 26 | | Share of items relating to equity-accounted entities, net of tax | 12,13 | 1 | _ | 12 | | Income tax relating to items that may be reclassified | 7 | 124 | (149) | (9) | | | | (406) | 475 | 23 | | Items that will not be reclassified to profit or loss | | | | | | Remeasurements of the net pension and other post-employment benefit liability or asset | 19 | 139 | 116 | 587 | | Income tax relating to items that will not be reclassified | 7 | (36) | (27) | (126) | | | | 103 | 89 | 461 | | Other comprehensive income | | (303) | 564 | 484 | | Total comprehensive income | | 2,968 | 5,523 | 10,925 | | Attributable to | | | | | | BP Corporation North America shareholders | 26 | 2,150 | 4,895 | 9,647 | | Non-controlling interests | 26 | 818 | 628 | 1,278 | | | | 2,968 | 5,523 | 10,925 |
<sup>a See Note 26 for further information.
Consolidated Statement of Changes in Equitya
| Share capital | Share premium account | Other reserves | Profit and loss account | BP Corporation North America shareholders' equity | Non controlling interests | $ million Total equity | |
|---|---|---|---|---|---|---|---|
| At January 1, 2024 | 1 | 43,288 | 195 | (11,173) | 32,311 | 13,481 | 45,792 |
| Profit for the year | — | — | — | 2,453 | 2,453 | 818 | 3,271 |
| Other comprehensive income | — | — | (406) | 103 | (303) | — | (303) |
| Total comprehensive income | — | — | (406) | 2,556 | 2,150 | 818 | 2,968 |
| Dividends paid | — | — | — | (9,500) | (9,500) | — | (9,500) |
| Preference share dividends | — | — | — | — | — | (839) | (839) |
| Share-based payments, net of tax | — | — | — | 178 | 178 | — | 178 |
| Other | — | — | — | — | — | (1) | (1) |
| Dividends paid to non-controlling interests | — | — | — | — | — | (38) | (38) |
| Transactions involving non-controlling interests, net of tax | — | — | — | — | — | 8 | 8 |
| At December 31, 2024 | 1 | 43,288 | (211) | (17,939) | 25,139 | 13,429 | 38,568 |
| At January 1, 2023 | 1 | 43,288 | (280) | (3,845) | 39,164 | 14,014 | 53,178 |
| Profit for the year | — | — | — | 4,331 | 4,331 | 628 | 4,959 |
| Other comprehensive income | — | — | 475 | 89 | 564 | — | 564 |
| Total comprehensive income | — | — | 475 | 4,420 | 4,895 | 628 | 5,523 |
| Dividends paid | — | — | — | (12,000) | (12,000) | — | (12,000) |
| Preference share dividends | — | — | — | — | — | (839) | (839) |
| Share-based payments, net of tax | — | — | — | 252 | 252 | — | 252 |
| Dividends paid to non-controlling interests | — | — | — | — | — | (150) | (150) |
| Transactions involving non-controlling interests, net of tax | — | — | — | — |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the share premium account at December 31, 2024, was $43,288 million. This figure represents the additional capital raised by Petro Stopping Center from issuing shares above their par value. The share premium account remained constant throughout 2024, as it was also $43,288 million at January 1, 2024.
For a prospective franchisee, understanding the share premium account may not directly impact day-to-day operations. However, it provides insight into the financial structure and historical equity transactions of Petro Stopping Center. A healthy share premium account can indicate investor confidence and a strong financial foundation for the company.
It's important to note that this figure is presented in millions of dollars, reflecting the large scale of Petro Stopping Center's operations. Franchisees should focus on how the overall financial health of the company, as indicated by figures like these, can affect the support and resources available to them.